This paper lays out the approach for carrying out the review of the World Bank's procurement policies and practices as they apply to Bank financed operations. The review will define a path for revising the Bank's procurement policies, internal procedures... Vea más +This paper lays out the approach for carrying out the review of the World Bank's procurement policies and practices as they apply to Bank financed operations. The review will define a path for revising the Bank's procurement policies, internal procedures and practices to ensure that they remain in tune with the changing world and that they continue to serve the borrowers well. The approach paper defines the objectives, scope, phases, and timing of the review. A phased approach will be used to carefully weigh different aspects, analyze best practices, conduct a comprehensive fact-finding exercise, and allow time for extensive consultations with stakeholders. Next steps for the first phase include: organizing consultations with stakeholders and shareholders, setting up an International Advisory Group on Procurement, undertaking and incorporating additional analyses, reporting on the findings and preparing a proposal for going forward. Steps in the second phase include: drafting a new statement of policies and presenting the draft policy statement for approval by the Board.
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